Bharat Bond ETF second tranche launched, base issue size of Rs 3,000 cr

Green shoe option of Rs 11,000 cr; NFO starts July 14 and ends July 17

Edelweiss Mutual Fund launched the second tranche of the Bharat Bond exchange-traded fund (ETF) on Friday for a base size of Rs 3,000 crore, with an option to retain oversubscription of up to Rs 11,000 crore.

In February, Finance Minister Nirmala Sitharaman had announced the launch of the second tranche with Edelweiss as the fund manager, and AK Capital as the advisor to the government.

The first tranche — maturing in 2023 and 2030 — was launched in December last year, and mobilised Rs 12,400 crore. There was also a new fund offer (NFO) of Rs 7,000 crore, which was oversubscribed 1.8